Transactions & Valuation Issues

Two hospitals in Illinois received approval from the state to combine and consolidate operations, according to The Times. 

Three Rivers (Mich.) Health, a single-hospital system, signed a letter of intent to join Beacon Health System in South Bend, Ind.

Tyrone (Pa.) Hospital has joined DuBois, Pa.-based Penn Highlands Healthcare, the organizations announced Nov. 4. 

A measure to sell Petaluma (Calif.) Valley Hospital to an affiliate of Renton, Wash.-based Providence St. Joseph Health has been approved, according to local newspaper Petaluma360.

Yavapai Regional Medical Center, a two-hospital system based in Prescott, Ariz., has joined Dignity Health's Arizona division. 

Cleveland-based University Hospitals will become a minority partner of Cuyahoga Falls, Ohio-based Western Reserve Hospital under an agreement announced Nov. 4. 

Five transactions involving hospitals and health systems were announced, finalized or advanced since Oct. 23:

Geisinger no longer serves as the parent organization of AtlantiCare, the two health systems announced Nov. 2.  

The board of Virginia Mason Memorial, a 256-bed hospital in Yakima, Wash., voted to end its affiliation with Virginia Mason Health System ahead of a potential merger, according to the Yakima Herald-Republic.

Geisinger will complete the sale of Holy Spirit Health System in Camp Hill, Pa., to Penn State Health Nov. 1, according to PennLive.